Interest Rate on Advances
The Kapol Co-operative Bank Ltd., is offering the following interest for the various
loans and advances schemes
w.e.f. 20th April, 2012 -
|
TYPES OF FACILITY
|
RATE OF INTEREST
|
|
All advances upto & inclusive of Rs.5,00,000/-
|
14.00%
|
|
Over Rs.5,00,000/-
|
15.00%
|
|
Personal Loans (For repairs, renovation, marriage, consumption etc.)
and Clean Loan / OD.
|
16.50%
|
|
Asset Finance, Loan/OD against Immovable Property, Rent Receivable Scheme
To Builders
|
16.50%
17.00%
|
|
Advances against marketable shares
|
13.50%
|
|
Adhoc Limits Sanctioned
|
2% over applicable rate
|
|
Against Clearing / Cheque & DD / P.O. Purchase
|
18.00%
(minimum Rs.50/-)
|
|
Housing Loan -
Upto Rs.5,00,000/-
Above Rs.5,00,000/-
|
12.00%
12.50%
|
|
Finance to Professionals and Self Employed
|
14.50%
|
|
Educational Loan
|
14.00%
|
|
Vehicle Loan -
1) 2 Wheelers – upto Rs.75,000/- &
2) 4 Wheelers – for Personal Use
3) Commercial Vehicles
a) Up to Rs.5.00 lakhs
b) Above Rs.5.00 lakhs
c) Second hand Car (with 25% margin)
|
13.50%
13.50%
15.00%
16.00%
14.50%
|
|
Govt. Securities (NSC / KVP / RBI Bonds /S.V. of LIC Policy)
Maximum limit -
upto Rs.5,00,000/-
above Rs.5,00,000/-
|
13.50%
14.00%
|
|
Term Loan -
– Machinery & Equipments
– Industrial Gala
– Shop
– Furniture
– Fixtures
– Repairs
– Renovation of business premises
|
As per size of advance
|
|
Computer Loan – for purchase of one computer for personal use –
Maximum limit Rs.1.00 lakh
|
15.00%
|
|
Computer Loan – for purchase of more than one computer
|
16.00%
|
|
Gold Loan & Advance against Third Party Deposits
|
As per size of advance
|
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